FG commences sales of crude oil in Naira to Dangote, others …C0NTINUE READING HERE >>> The Nigerian government has officially begun selling crude oil and refined petroleum products in naira to Dangote Refinery and other local refining companies. This initiative is part of President Tinubu‘s administration’s strategy to promote long-term economic growth and self-sufficiency. This … Read more
FG sets new target for oil, gas production …C0NTINUE READING HERE >>> The Federal Government has said that it is targeting four million barrel per day (bpd) of oil production, and 10 billion cubic feet (bcf) of gas production by 2030. Mrs. Olu Verheijen, Special Adviser (SA) to the President on Energy, made … Read more
FG Set Target On Crude Oil Production …C0NTINUE READING HERE >>> The Minister of State for Petroleum Resources, Heineken Lokpobiri, has stated that under the incumbent government, Nigeria remains committed to adhering to the production quota established by the Organisation of Petroleum Exporting Countries (OPEC). Henzodaily understands that during the ministerial meeting with the federal … Read more
NASS to unveil joint probe into petroleum sector …C0NTINUE READING HERE >>> The National Assembly would unveil its probe into alleged economic sabotage within Nigeria’s petroleum sector, following the decision to form a joint committee. This became necessary after the earlier suspension of separate probes by the Senate and House of Representatives in July. The … Read more
FG set to boost oil production to 2 million bpd …C0NTINUE READING HERE >>> Senator Heineken Lokpobiri, Minister of State Petroleum Resources (Oil), says Oando’s acquisition of Eni’s Subsidiary, Nigerian Agip Oil Company (NAOC) will ramp up crude oil production to two million barrels per day (bpd). Advertisement The Minister said the Oando company has … Read more
Navy dismantles massive 2 million litres per day refinery in Rivers …C0NTINUE READING HERE >>> The Nigerian Navy (NA) has dismantled a massive refinery site with a capacity of two million litres per day along the Ogoloma-Bakana waterways in Rivers State. Spokesperson for the Nigeria Customs Service (NCS), Abdullahi Maiwada disclosed this during the monthly news … Read more
NNPC makes fresh delivery of crude oil to Dangote Refinery …C0NTINUE READING HERE >>> The Nigerian National Petroleum Company (NNPC) Limited has disclosed it would be supplying a total of 17.6 million barrels of crude oil to Dangote Refinery between September and October 2024 as part of the federal government’s push to drive local production … Read more
FG to begin crude oil sales to Dangote in Naira October …C0NTINUE READING HERE >>> The Federal Government says it will begin crude oil sales in Naira to Dangote Refinery and others in October. This is according to a statement by the Director Press and Public Relations, Federal Ministry of Finance and Economic Planning, Mr … Read more